FAR East Hospitality Trust's (FEHT) distribution per stapled security (DPS) rose 6.8 per cent to 1.10 Singapore cents for the half year ended June 30, 2021, compared to 1.03 Singapore cents for the year-ago period.

Far East Hospitality Trust (FEHT) has reported a distribution per stapled security (DPS) of 1.1 cents for the 1HFY2021, 6.8% higher than 1.03 cents the previous year, despite lower gross revenue and net property income (NPI). FEHT's gross revenue for the 1HFY2021 totalled $41.6 million, a 6.1% y-o-y...

FAR East Hospitality Trust's (FEHT) distribution per stapled security (DPS) rose 6.8 per cent to 1.10 Singapore cents for the half year ended June 30, 2021, compared to 1.03 cents for the year-ago period.

At a price of $1.11 as at July 23, Far East Orchard, a somewhat illiquid stock, is trading at just 0.4 times its last reported net asset value as at December 31, 2020 of $2.72. In FY2020, earnings were poor as its hospitality business was adversely affected by the pandemic. This was reflected in the...

CGS-CIMB Research anticipates Singapore hospitality REITs to deliver better revenue per average room (RevPAR) in the 2Q2021, on the back of government contracts in Singapore combined with better performance from select overseas markets. For Singapore, analysts Eing Kar Mei and Lock Mun Yee point out...

The US Federal Reserve, which sharply increased its inflation forecasts for 2021 on June 16, appears to be more hawkish than initially expected by economists. The majority of the 13 members of the Federal Open Market Committee believe that the central bank will increase rates in 2023 and at least tw...

OCBC Bank has closed a sustainability-linked interest rate swap with Far East Hospitality REIT on June 9. The 2.5-year, $85 million structured derivative transaction aims to provide a hedge against interest rate risk related to Far East Hospitality REIT’s sustainability-linked loan facility, which...

OCBC on Wednesday said it executed a sustainability-linked interest rate swap with Far East Hospitality Real Estate Investment Trust (Far East H-Reit), which is part of Far East Hospitality Trust (FEHT).

UOB Kay Hian has added NYSE-listed Sea Limited and transport operator ComfortDelGro (CDG) to its Alpha Picks for the month of June after its portfolio beat the benchmark Straits Times Index (STI) in May with a 1.5% month-on-month (m-o-m) decline compared to the latter’s 1.7% m-o-m decline. “Foll...

As the Singapore REIT (S-REITs) sector gained some 1.3% on the week from May 16 to 31, UOB Kay Hian analyst Jonathan Koh has kept his “overweight” call on the sector. In his June 2 report, Koh noted that Singapore should be able to ease safe distancing measures after June 13, echoing Prime Minis...